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N.L.’s offshore oil could help bankroll a company linked to Israel’s illegal occupation of Palestine

·Oct 9, 2026
Source: Ricochet
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If the sale of Suncor’s stakes in three of Newfoundland and Labrador’s offshore oil projects goes through, this province could end up contributing to Israel’s illegal occupation of the Palestinian territories.

This month Suncor announced a “definitive agreement” with UK-headquartered Ithaca Energy to sell its 48 per cent interest in the Terra Nova project, its 40 per cent interest in the White Rose project, and its 38.6 per cent interest in the West White Rose project, for CAD $1.2 billion and up to an additional $350 million contingent on oil prices. Under the agreement, Ithaca would also take over Terra Nova’s operations.

This article is an excerpt. To read the full content, visit the original source. Ricochet

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